Platform Guide
How to Get Listed on a
Tokenization Platform
A practical guide to preparing for and passing platform due diligence. Covers what platforms look for, how to build your data room, common rejection reasons, and how to navigate the listing process on major platforms like Securitize, ADDX, Tokeny, and Bitbond.
Applies to
All asset types
Real estate, bonds, funds, equity
Typical timeline
4–12 weeks
From application to approval
Key document
Data room
Legal + financial + technical
Main blocker
Incomplete documentation
Most common rejection reason
What you’ll achieve
A listing-ready project that passes platform due diligence on the first submission.
Complete data room
All legal, financial, and technical documents platforms require
Right platform match
Platform selected based on your asset type and jurisdiction
Application submitted
Complete application with no missing items or ambiguities
Due diligence passed
Legal, compliance, and technical review approved
Listed and live
Project live on platform, investors can subscribe
Why projects get rejected — and how to avoid it
Most listing rejections are avoidable. These are the six most common reasons platforms decline applications.
Reason 01
Incomplete legal documentation
Missing SPV documents, no legal opinion on token classification, or unsigned service agreements. Platforms will not proceed without a complete legal pack.
Fix Complete full legal pack before applying. Use our data room checklist below.
Reason 02
No smart contract audit
Virtually every regulated platform requires a third-party smart contract audit report before listing. Submitting without one is an automatic rejection.
Fix Commission audit before applying. Budget 4–8 weeks and €15k–€50k.
Reason 03
Mismatched jurisdiction
Applying to a Singapore platform with a US-only offering, or to an EU platform with no MiCA-compliant structure. Platform licence determines what they can list.
Fix Match your jurisdiction and regulatory structure to the platform’s licence. Use our platform directory.
Reason 04
Weak or missing financials
No audited financials, unverified asset valuations, or no independent appraisal for real estate. Platforms need to verify the underlying asset value.
Fix Get independent valuation and at least 2 years of audited accounts where applicable.
Reason 05
AML/KYC programme not ready
No AML policy, no MLRO appointed, or no KYC provider integrated. Platforms co-own regulatory risk and will not list projects without a credible compliance programme.
Fix Complete KYC/AML setup before applying. See our KYC/AML guide.
Reason 06
Project too early-stage
Some platforms require operating history (6–12 months), existing investors, or minimum asset size. Applying before meeting these thresholds wastes time.
Fix Check platform eligibility criteria before applying. Build track record first if needed.
The complete data room checklist
Organise your data room into these six sections before submitting any platform application.
Legal documents
- SPV / entity incorporation certificate
- Constitutional documents (Articles, LPA, etc.)
- UBO register and ownership chart
- Legal opinion on token classification
- Prospectus / PPM / Offering Memorandum
- Token Terms & Conditions
- Subscription Agreement template
- All service provider agreements (custody, admin, etc.)
Financial documents
- Audited financial statements (2 years if available)
- Independent asset valuation (RICS or equivalent)
- Financial projections / business plan
- Use of proceeds breakdown
- Cap table / ownership structure
- Bank statements (3–6 months)
- Debt schedule (existing liabilities)
Technical documents
- Smart contract audit report (third-party)
- Token architecture documentation
- Smart contract source code (or repo link)
- Deployed contract addresses (testnet + mainnet)
- Custody provider agreement
- Technical security overview
Compliance documents
- AML/CTF policy
- KYC/CDD procedures
- MLRO appointment letter
- Sanctions screening policy
- AML risk assessment
- KYC provider agreement
Team & governance
- Management team CVs and bios
- Director/officer identification (passport copies)
- Background check results
- Board resolutions authorising token issuance
- Advisory board details (if applicable)
- Reference letters from existing investors/partners
Asset-specific (real estate)
- Property title deed
- Property management agreement
- Building insurance certificates
- Tenancy agreements (rent roll)
- Planning permissions / zoning
- Environmental assessment (if relevant)
The listing process in 5 steps
From platform selection to going live — what to expect and how to prepare.
1
Strategy
Platform Selection
Goal: Choose the right platform before investing time in an application that won’t succeed.
Matching criteria
- Jurisdiction match: Platform licence must cover your offering jurisdiction
- Asset type match: Not all platforms support all asset types — check their listed projects
- Investor type match: Retail vs. accredited only — must align with your target investors
- Minimum deal size: Some platforms have minimums ($500k–$5M+)
- Token standard: Platform must support your chosen standard (ERC-3643, ERC-1400)
- Secondary market: Does the platform offer secondary trading or not?
Platform tiers by use case
- EU regulated securities: Tokeny (SaaS), Bitbond (bonds), BlockInvest (Italy/bonds)
- US accredited investors: Securitize, tZERO, INX One
- Asia-Pacific institutional: ADDX, InvestaX, Fusang
- UAE/MENA: Liquefy, MERJ Exchange
- DeFi-native: Centrifuge (private credit), Maple Finance (lending)
- White-label / any jurisdiction: DigiShares, Stobox
Step 1 checklist
2
Outreach
Initial Outreach & Preliminary Assessment
Goal: Get a preliminary assessment from the platform before committing to a full application.
How to approach platforms
- Email business development or issuer relations team directly — not generic contact form
- LinkedIn outreach to platform’s BD or partnership lead often fastest
- Prepare a 1-page project summary: asset type, jurisdiction, deal size, timeline, your team
- Be specific about your regulatory structure — platforms want to know you understand compliance
- Ask for a 30-min call to assess fit before submitting full documentation
Preliminary assessment call
- Platform will assess: deal size, asset quality, legal structure, team credibility
- Expect questions on: jurisdiction rationale, investor target, token economics, timeline
- Platform may issue a term sheet or LOI if interested — review fees carefully
- Typical fees: listing fee ($5k–$50k) + ongoing platform fee (0.5–2% AUM or fixed monthly)
- Get fee structure in writing before proceeding to formal application
Step 2 checklist
💡 Tip: Platforms talk to hundreds of issuers. The ones that get listed fastest are those who come prepared with complete documentation and a clear compliance narrative. Mention your legal counsel, KYC provider, and smart contract auditor in your first email — it signals seriousness.
3
Due Diligence
Platform Due Diligence Process
Goal: Pass all three layers of platform due diligence — legal, compliance, and technical.
Three DD layers
- Legal DD: Platform’s legal team reviews your legal structure, offering documents, and regulatory compliance. Expect questions and requests for additional documents.
- Compliance DD: AML/KYC programme review, MLRO assessment, sanctions risk, PEP exposure. Platform is assessing their own regulatory risk in hosting your project.
- Technical DD: Smart contract audit review, token architecture assessment, custody setup verification. Platform may require specific technical changes.
How to handle DD efficiently
- Share data room access on day one — don’t drip-feed documents
- Assign a single point of contact on your team for all platform requests
- Respond to requests within 24–48 hours — delays extend the process significantly
- Anticipate legal questions: prepare a legal FAQ document in advance
- If platform requests changes, prioritise and implement quickly
- Track all open items in a shared document with the platform
Step 3 checklist
4
Integration
Technical Integration with Platform
Goal: Connect your token infrastructure to the platform’s investor portal, KYC, and settlement systems.
Integration requirements
- Token contract whitelisted with platform’s identity registry (ONCHAINID)
- Platform’s KYC system connected to your investor allowlist
- Payment rails configured (bank account, stablecoin address, escrow)
- Investor portal branded and configured for your offering
- Distribution mechanism tested — first coupon/dividend dry-run
- NAV or price feed connected to platform’s display system
Platform-specific requirements
- Securitize: Transfer agent registration, DS Protocol integration, investor accreditation verification
- ADDX: MAS-compliant KYC, SGD payment rails, ADDX custody integration
- Tokeny: ERC-3643 T-REX deployment, ONCHAINID setup, Tokeny dashboard integration
- Bitbond: BaFin-compliant documentation, Euro payment rails, Bitbond custody
- Always request platform’s technical integration guide before starting
Step 4 checklist
5
Launch
Go-Live & Investor Acquisition
Goal: Launch to investors, hit minimum raise, and maintain ongoing platform relationship.
Launch preparation
- Soft launch: invite anchor investors first — get first subscriptions before public announcement
- Prepare press release and LinkedIn announcement coordinated with platform
- Platform’s BD team may help with investor introductions — ask explicitly
- Set subscription period close date and minimum raise threshold clearly
- Customer support process ready: dedicated email/telegram for investor questions
Ongoing platform relationship
- Monthly update to platform BD team: subscription progress, investor questions
- Comply with all ongoing disclosure obligations (NAV, material events)
- Maintain KYC currency — expired investor verifications flagged to platform
- Secondary trading: coordinate with platform on market-making if needed
- Annual reporting filed with platform as required by listing agreement
Step 5 checklist
Platform listing requirements at a glance
Key requirements for listing on the major tokenization platforms.
| Platform | Min. deal size | Audit required | Operating history | DD timeline |
|---|---|---|---|---|
| Securitize | $1M+ | Yes | Preferred 12 months | 4–8 weeks |
| ADDX | SGD 1M+ | Yes | Required 12 months | 6–12 weeks |
| Tokeny (SaaS) | No minimum | Yes | No requirement | 2–4 weeks |
| Bitbond | €100k+ | Recommended | No strict requirement | 3–6 weeks |
| InvestaX | SGD 500k+ | Yes | Preferred 6 months | 4–8 weeks |
| DigiShares | No minimum | Recommended | No requirement | 2–4 weeks |
| Centrifuge | $500k+ | Yes | No strict requirement | 3–6 weeks |
Need help getting listed?
Our advisory team prepares listing applications, builds data rooms, and communicates with platforms on your behalf — significantly improving approval rates and reducing timeline.